Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record and beneficial owner of the Collateral free and clear of any Lien except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.
Ownership of Collateral; Encumbrances. Pledgor is the sole record and beneficial owner of all of the Pledged Securities set forth on Schedule I free and clear of all Liens (other than the Liens of Secured Party) and subject to transfers of Pledgor’s Equity Interests as permitted under the Loan Agreement.
Ownership of Collateral; Encumbrances. Pledgor is the owner of, and has good and marketable title to, the Collateral free and clear of any Lien except for the pledge and security interest granted to the Collateral Agent for the benefit of the Secured Parties and Liens for Taxes not yet due or that are subject to a Good Faith Contest. No financing statement covering the Collateral is on file in any public office other than terminated financing statements and the financing statements filed pursuant to this Agreement or in connection with the transactions contemplated by the Indenture. The Collateral is not subject to any law (except as may be required in connection with any disposition of the Collateral by laws affecting the offering and sale of securities generally) or contractual obligation that would be violated by or that would prohibit the grant of the security interest in the Collateral granted pursuant hereto or the disposition of the Collateral by or to the Collateral Agent upon the occurrence and continuance of an Event of Default.
Ownership of Collateral; Encumbrances. Debtor is the legal and beneficial owner of the Collateral free and clear of any adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement, and Debtor has full right, power and authority to assign and grant a security interest in the Collateral to Secured Party.
Ownership of Collateral; Encumbrances. 3 Section 3.02
Ownership of Collateral; Encumbrances. Each Obligor is and will be the legal and beneficial owner of the Collateral free and clear of any Lien, except for the security interest created by this Agreement; and each Obligor has full right, power, and authority to pledge, assign, and grant a security interest in the Collateral to the Collateral Agent.
Ownership of Collateral; Encumbrances. The Company is and will be the legal and beneficial owner of the Collateral free and clear of any Lien, except for the security interest created by this Agreement; and the Company has full right, power, and authority to pledge, assign, and grant a security interest in the Collateral to the Collateral Agent.
Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, each Debtor has good and valid title to its Collateral free and clear of any adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement, and Debtor has full right, power and authority to assign and grant a security interest in the Collateral to Secured Party.
Ownership of Collateral; Encumbrances. Debtor is the legal and beneficial owner of the Collateral free and clear of any adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement, and Debtor has full right, power, and authority to assign and grant a security interest in the Collateral to Secured Party. This Agreement constitutes a legal, valid, and binding obligation of Debtor enforceable against Debtor in accordance with its terms (except as limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application relating to or affecting creditors' rights and general principles of equity (whether considered in a proceeding in equity or at law)). The execution, delivery and performance of this Agreement will not violate the terms of any contract, agreement, law, regulation, order, injunction, judgment, decree, or writ to which Debtor is subject and does not require the consent or approval of any other Person.
Ownership of Collateral; Encumbrances. Such Grantor is the record and beneficial owner of the Collateral, which is, except as otherwise permitted by the Indenture or any other applicable Parity Lien Document, free and clear of any Lien, and such Grantor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Collateral Trustee, for the benefit of the Parity Lien Secured Parties.
